Common use of ACCESS TERMINAL TRANSACTIONS Clause in Contracts

ACCESS TERMINAL TRANSACTIONS. The Trustee acknowledges and agrees that: a) using a Password to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by the Trustee in person or as otherwise contemplated or permitted by the Account Contract; b) the Trustee will be bound by each such Transaction; and c) once a Password has been used to authorize a Transaction, the Transaction may not be revoked and no stop payment on the Transaction may be requested.